Brazilian meatpackers JBS SA, Marfrig and Minerva purchased thousands of cattle linked to deforestation of the Amazon rainforest since 2018, advocacy group Greenpeace Brasil alleged in a report published on Thursday. The report provides a window into so-called cattle laundering, in which steer raised on illegally deforested land are moved between farms to obscure their origins.
U.S. soybeans held steady on Thursday, as signs of strong Chinese demand kept prices at a three-week high. FUNDAMENTALS. * The most active soybean futures on the Chicago Board Of Trade steady at $8.57-1/4 a bushel by 0123 GMT, after gaining 0.8% on Wednesday when prices hit a May 12 high of $8.58 a bushel.
The chief executive of Pilgrim's Pride Corp (PPC), a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Chicken Industry Executives, Including Pilgrim's Pride CEO, Indicted for Price Fixing. Four chicken industry executives were indicted Wednesday for allegedly conspiring to fix prices on chickens sold to restaurants and grocery stores, the Justice Department's first charges in a continuing criminal antitrust probe. The one-count indictment, returned by a federal grand jury in Colorado, allege current and former senior executives at Pilgrim's Pride Corp. and Claxton...
Soybeans Up as Export Sales Build. Soybeans for July delivery rose 0.8% to $8.57 1/ 2 a bushel on the Chicago Board of Trade Wednesday as the USDA confirmed another export sale of U.S. soybeans this morning, boosting the market's confidence that the phase one trade deal is still in force. Wheat for July delivery rose 0.8% to $5.12 a bushel.
The chief executive of Pilgrim's Pride Corp (PPC), a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday. Pilgrim's Pride (PPC) shares fell 14% around midday.
The chief executive of Pilgrim's Pride Corp (PPC), a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Cracker Barrel Sees Some Demand Improvement As Dining Rooms Reopen-- Market Talk. 0905 ET- Sales declines at Cracker Barrel Old Country Store locations have moderated of late, making the family style chain the latest to report some demand is coming back as dining rooms reopen with limited capacity following coronavirus-prompted shutdowns earlier this year. Sales are still well below where they were last year, however, illustrating the challenges restaurant companies face.
Wheat Futures Slip as Rainfall Returns to Eastern Europe. Wheat for July delivery fell 1.4% to $5.08 a bushel on the Chicago Board of Trade on Tuesday, amid evidence that crops in Ukraine and Russia are receiving some much-needed rain and are looking larger than anticipated. Corn for July delivery rose 0.3% to $3.24 1/ 4 a bushel.
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